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Applied Industrial Technologies AIT Service Center Segment — Depreciation

Other segment segments

Service Center
$4.41M-1.5%
Engineered Solutions
$1.98M-5.8%

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Other financials

Income statement

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Revenue$1.3B+7.3%
Gross profit$380.8M+7.2%
Operating income$137.9M+6.6%
Net income$99.8M0.0%
EPS (diluted)$2.65+3.1%

Balance sheet

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Cash & equivalents$171.6M-51.4%
Total debt$365.3M-36.2%
Total equity$1.9B+1.8%
Total assets$3.0B-4.1%

Cash flow

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Operating cash flow$100.1M-18.2%
CapEx$4.7M-37.3%
Free cash flow$95.4M-17.0%

Valuation

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Market cap$13.24B+31.2%
Enterprise value$13.43B+28.2%
P/E32.8×+7.1×
P/S2.7×+0.5×

Profitability

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Gross margin30.4%+0.1pp
Operating margin10.9%-0.3pp
Net margin8.3%-0.3pp
FCF margin9.1%-0.7pp

Returns & leverage

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Return on equity21.9%-0.3pp
Debt / equity0.2×-0.1×
Current ratio2.9×-0.6×

Where this comes from

Reported directly by Applied Industrial Technologies in its filing.

Tagged under the XBRL concept us-gaap:Depreciation.

The source filing: Applied Industrial Technologies’s 10-K, filed August 15, 2025.

Filed
Aug 15, 2025
Fiscal year
FY2025
Accession
0000109563-25-000080
Year Ended June 30, 2025Service CenterEngineered SolutionsTotal
Assets used in the business$1,765,631$1,409,913$3,175,544
Depreciation and amortization of property17,4927,40724,899
Amortization of intangibles3,14432,43735,581
Capital expenditures22,5444,64327,187
Year Ended June 30, 2024
Assets used in the business$1,865,269$1,086,641$2,951,910
Depreciation and amortization of property17,7005,73123,431
Amortization of intangibles3,18825,73528,923

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.

FAQ

What is Applied Industrial Technologies's service center segment — depreciation?
Applied Industrial Technologies (AIT) reported service center segment — depreciation of $4.37M in Q2 2025.
How has Applied Industrial Technologies's service center segment — depreciation changed year-over-year?
Applied Industrial Technologies's service center segment — depreciation decreased by 1.2% year-over-year, from $4.43M to $4.37M.
What is the long-term trend for Applied Industrial Technologies's service center segment — depreciation?
Over 2 years (2023 to 2025), Applied Industrial Technologies's service center segment — depreciation has grown at a -1.2% compound annual growth rate (CAGR), from $17.93M to $17.49M.
What does service center segment — depreciation mean?
This metric measures the systematic allocation of the cost of tangible fixed assets, such as warehouses, delivery vehicles, and equipment, within the service center segment over their useful lives. It reflects the ongoing consumption of the physical capital base necessary to sustain distribution operations. High levels relative to revenue may indicate an aging asset base or significant recent capital investment.

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